Business & Finance Germantown, MD Pop. 90,676

Actuary Salary in Germantown, Maryland

The median actuary salary in Germantown, MD is $136,788 per year, which is 20.0% above the national median and 4.3% above the Maryland state average.

City Median
$136,788
vs State Avg
+$5,699
vs National
+$22,798
Cost of Living
115%

Actuary Salary in Germantown by Experience

In Germantown, an entry-level actuary earns around $84,000, while experienced professionals earn up to $210,000 per year. The local cost of living index is 115% of the national average.

Entry Level (0-2 yrs)
$84,000
+$14,000 vs national
Mid Level (3-7 yrs)
$138,000
+$23,000 vs national
Senior Level (8+ yrs)
$210,000
+$35,000 vs national

Salary Percentiles in Germantown, MD

Percentile Germantown
10th Percentile $82,080
25th Percentile $104,640
Median (50th) $136,788
75th Percentile $181,200
90th Percentile $235,212

Actuary Salary in Other Maryland Cities

Silver Spring, MD
$144,767
Pop. 81,015
Columbia, MD
$140,208
Pop. 104,681
Baltimore, MD
$128,809
Pop. 585,708
Waldorf, MD
$125,389
Pop. 77,000

How to Become a Actuary in Germantown

Education

Most actuary positions require a bachelor's degree. Germantown and the surrounding Maryland area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Germantown may vary based on local industry and population growth.

Find Actuary Jobs in Germantown

Browse open actuary positions in Germantown, MD:

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Frequently Asked Questions: Actuary Salary in Germantown

How much does a Actuary make in Germantown, MD? ▼
The median actuary salary in Germantown, Maryland is $136,788 per year, which is 20.0% above the national median of $113,990. Salaries range from $82,080 (10th percentile) to $235,212 (90th percentile).
How much does a Actuary make per hour in Germantown? ▼
Based on the median annual salary of $136,788, a actuary in Germantown earns approximately $66 per hour assuming a standard 2,080-hour work year.
How does Germantown compare to the Maryland state average for actuary pay? ▼
Germantown's median actuary salary of $136,788 is 4.3% above the Maryland state average of $131,089. The local cost of living index is 115% of the national average.
What is the cost of living in Germantown, MD? ▼
Germantown has a cost of living index of 115% compared to the national average. This means a actuary salary of $136,788 in Germantown has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Germantown? ▼
Most actuary positions in Germantown require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.